UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 6, 2007
EVERCORE PARTNERS INC.
(Exact name of registrant as specified in its charter)
Delaware |
001-32975 |
20-4748747 | ||||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
55 East 52nd Street, 43rd Floor New York, New York |
10055 | |
(Address of principal executive offices) | (Zip Code) |
(212) 857-3100
(Registrants telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On August 6, 2007, Evercore Partners Inc. (the Company) announced that its Board of Directors has appointed Paul Pensa to the position of Managing Director, Controller and Principal Accounting Officer of the Company, effective August 13, 2007. Robert B. Walsh, the Companys Chief Financial Officer, will no longer perform the function of the Companys principal accounting officer. In connection with the appointment, Mr. Pensa will receive an annual base salary of $300,000 and an annual guaranteed bonus of $300,000 in fiscal year 2007, all of which will be payable to Mr. Pensa as severance benefits should he voluntarily resign or be terminated by the Company without cause. Mr. Pensas salary and bonus will be adjusted in the future based on his performance. In addition, Mr. Pensa will be entitled to receive a grant of restricted stock units with a value of $300,000 on the grant date, which will vest pro rata on the first three anniversaries of the grant date. Mr. Pensa will also be required to enter into a standard non-competition and non-solicitation agreement.
Mr. Pensa, 49, served since 2005 as a Managing Director and the Deputy Comptroller at The Bank of New York, where he was in charge of global bank financial reporting, regulatory reporting and financial systems. Prior to joining The Bank of New York, Mr. Pensa spent more than 18 years with Credit Suisse First Boston where he served as a Managing Director responsible for global regulatory and financial reporting and accounting policy assurance.
The full text of the press release announcing Mr. Pensas appointment is filed herewith as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. |
Description | |
99.1 |
Press Release of Evercore Partners Inc., dated August 6, 2007 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
EVERCORE PARTNERS INC. | ||||||||
Date: August 6, 2007 |
/s/ Adam B. Frankel | |||||||
By: | Adam B. Frankel Title: General Counsel |
EXHIBIT LIST
Exhibit No. |
Description | |
99.1 |
Press Release of Evercore Partners Inc., dated August 6, 2007 |
Exhibit 99.1
Evercore Partners Appoints Paul Pensa as Principal Accounting Officer and Controller
PR Newswire
6 August 2007
Evercore Partners Inc. announced today that Paul Pensa will join the firm as Principal Accounting Officer and Controller, effective August 13, 2007. He will be based in New York and succeeds Thomas J. Gavenda, who left Evercore in May.
Mr. Pensa most recently was a Managing Director and the Deputy Controller at The Bank of New York Mellon. Prior to joining The Bank of New York Mellon, Mr. Pensa spent more than 18 years with Credit Suisse First Boston, where he served as a Managing Director responsible for global regulatory and financial reporting and accounting policy assurance.
We are pleased to welcome Paul to Evercore and our finance team, said Robert B. Walsh, Chief Financial Officer of Evercore Partners. His expertise in global regulatory and financial reporting and his experience in building and overseeing a strong financial operation will be an asset to our organization.
Mr. Pensa received a Masters of Business Administration in Finance from Pace University. He is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants.
About Evercore Partners
Evercore Partners is a leading investment banking boutique and investment firm. Evercores Advisory business counsels its clients on mergers, acquisitions, divestitures, restructurings and other strategic transactions. Evercores Investment Management business manages private equity funds and traditional asset management services for sophisticated institutional investors. Evercore serves a diverse set of clients around the world from its offices in New York, Los Angeles, San Francisco, London, Mexico City and Monterrey, Mexico. More information about Evercore can be found on the firms Web site at www.evercore.com. EVR-N.
Contact:
Investor Contact: Robert B. Walsh, Chief Financial Officer, Evercore Partners, +1-212-857-3100;
Media Contact: Kenny Juarez or Chuck Dohrenwend, both of The Abernathy MacGregor Group, for Evercore Partners,
+1-212-371-5999